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(Belgium) The European Commission said the deadline for its in-depth inquiry into French carbonless and fine paper producer Arjowiggins' proposed acquisition of peer M-real Zanders' Reflex mill in Duren, Germany has been extended to May 23 from April 28. read more »
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(Finland) Stora Enso is investing EUR 29 million in converting a coated magazine paper machine (PM 2) at its Anjala Mill in Finland to produce coated and uncoated book paper. The project is scheduled to start in January 2008 and be completed by October 2008... read more »
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(USA) Caraustar Industries, Altivity Packaging and Rock-Tenn have announced a $40/ton price increase on all grades of uncoated recycled paperboard, effective with orders on January 28. Also, KapStone Paper and Packaging today informed customers of a $40/ton price increase on unbleached kraft... read more »
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(India) In an interview with CNBC-TV18, VD Bajaj, ED, Rama Newsprint & Papers said that one could see a price increase of USD 200 per tonne of newsprint in 2008. Bajaj said that most of the investments in India in the paper industry are in Brownfield projects versus Greenfield projects. read more »
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(USA) Metso Power, a part of Metso Paper business area, will expand its boiler service capacity in the USA with a EUR 10 million investment. The investment is a part of Metso’s profitable growth strategy. It supports the service business growth and will enhance its portfolio of service offerings... read more »
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(USA) In a bid to boost their "bottom lines," name-brand TP makers are rolling out massive marketing campaigns that play up the benefits of their tissues. Kimberly-Clark's (KMB) new promotions for Cottonelle began this week with TV, Web and print ads and a revamped Cottonelle.com website. read more »
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(USA) Marcal Paper Mills Inc. is facing a slew of objections to its proposed sale next week to lender NexBank SSB at a bankruptcy court auction... read more »
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(Finland) Stora Enso Consumer Board's PackAgent software business has been merged with the Finnish software provider Trackway Oy. Stora Enso Ventures Oy has acquired a majority shareholding in Trackway. PackAgent is a software solution jointly developed by Stora Enso and Trackway for... read more »
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(Finland/China) Metso Paper will deliver two board machines to Nine Dragons Paper. The delivery includes a light-weight fluting machine and a linerboard machine. Startup of the lines is scheduled for early 2009. The value of the order is not disclosed... read more »
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(USA) Kadant has announced that its Kadant Black Clawson Inc. subsidiary has received the second and final portion of an order for approximately $11 million from a kraft pulp mill in the United States to design, engineer, and procure materials for a six-effect falling film evaporation... read more »
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(USA) Aldabra has announced that Moody's Investment Corporation ("Moody's) and Standard & Poor's have assigned ratings in connection with the financing for its proposed acquisition of the packaging and paper manufacturing businesses... read more »
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(USA) One person remains hospitalized following a chemical leak at the New Page paper mill in Rumford. More than 50 workers on Tuesday were evacuated from the mill after officials said a forklift struck a line carrying a chlorine dioxide solution, which is used for pulp bleaching. read more »
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(EU) The level of recovered paper being sent from Europe to the Far East has remained stable despite soaring export prices, according to the latest market report from the Bureau of International Recycling (BIR)... read more »
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(Austria/Russia) International Technology Group Andritz received an order from Mondi Syktyvkar Pulp and Paper mill in Komi Republic, Russia, to supply a new recovery boiler, evaporation plant, and woodyard. The order also includes the rebuild of the existing fiberline... read more »
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(UK) Analyst Leon Chik of Bear Stearns upgrades Nine Dragons Paper Holdings Limited (ticker: N3Y) from "underperform" to "outperform." The target price has been raised from HK$18 to HK$21... read more »
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